Obi, and all... to let you all know I spoke with Joseph Barron last night. He called late before walking out the door. Didn't spend much time discussing what we already know, that is... rev's, earnings and such. That's was to obvious. What we did discuss is why, when, where,and how SFNN continues to lack a credible balance in pps.
Being in the market since 1993, and no I don't know a lot about shorting a stock. There has been in the past, and from my experience... difference levels of shorting based on [market maker perception]. Perception in that once a stock falls into a pit, [from 4 bucks to 1-penny], most MM's IMO, consider this buzzard food. B-food in that once it becomes trash, they can treat it like waste in that 99% of the time it will never ever recover. This may be what has happened here, not sure yet. GFCI comes to mind since I was part of that equation for a short period.
What we did there was take a count [only they had almost everyone who owned stock onboard IHUB], and came to a strong conclusion those shareholders owned about 90%+ of the float. But guess what? It was still at .13cents and was not on any short list... hmmmm
What we believe we discovered was that phantom shares were traded between MM"s, Brokers, others knowing that 99% of the time, they'd never be discovered, and that's probably true if a company never recovers.
I'm not saying this is true here, but what I am saying is that the way in which SFNN has traded including mirror trades doesn't add up to the significant value each of us see. There isn't one person here I know if that doesn't think through their own DD... SFNN shouldn't logically be at a much higher PPS.
So, I'm in talks with Joseph Barron of SFNN only to "help" provide answers as to why SFNN languishes in the sub 02's.
In the past companies like this have offered dividends to help support investor confidence, help to clear up discrepencies in the float vs. ownership, and send a signal to MM's and Brokers [an actual share count] that company... is serious about it's investors.
As all of us know, there isn't a lot that can be done about this as MM's don't have to open their books to anyone including the SEC. Just look ast OSTK in the past and one will realize you can't fight city-hall persay.
Anyway Joe was very interesting to talk to, so let's discuss some of these items as time permits. What I'd like to find within an already released PR from someone is a similar situation including [stock dividend - clearing up shorting - other things] within the framework of a PR. A PR from a company who may have had similar problems.
Again, I'm not saying we have a situation like GFCI had or has, but given what logically seems a good company getting hammered by the MM's, doesn't make sense.
Last but not least, the company is serious about a dividend.. so let's see what happens.
All my opinion above...~
SirTemp'
